Is any of that included in your rehab costs because $1000 holding cost doesn't cover all of that.Also, are you planning to sell to an end buyer or an investor who doesn't want to do the rehab himself?

If it's an investment property and rented out and the tenants' payment is covering the expenses, just let it ride for the 30 years.

However plan to use PM and 50% to cover bases.Andrew

IMO, you won't be headed to jail if you sell an covered property on a contract for deed/note, some 25K deal, but you will lose the deal and your collateral, this is a standard outcome for various lending and collection violations, loss of principal and interest as well as the security.

Quick question: I have the funds to cover the 3.5% FHA required down payment.I would like to put in an offer on a home asking is 172,600.Offer 180,000.Seller pays up to 7,400 Closing cost (bank fees, etc + prepaid)Understand that home will need to appraiser for 180k.Will the bank and/or title company understand the contract as such?

It was common during the building boom of 2005-2007.Most of the houses are made of either wood studs or steel studs with concrete block on the outside and covered by stucco.

My plan was to cover up the hot tub permanently.

:Here's some info for you:http://www.nolo.com/legal-encyclopedia/deficiency-judgments-after-foreclosure-texas.htmlI am a bit confused by the article, hopefully someone can clarify.First paragraph reads “With most Texas foreclosures, you do not owe your mortgage lender money after the foreclosure sale, even if the sale amount is not enough to cover your mortgage balance.

Outlook for real estate prices - lending get easier and cheaper if prices are increases as increasing prices cover many lending errors.

What concerns me most is your rent not covers the mortgage.